Webster Bank N. A. Trims Position in Amphenol Co. (NYSE:APH)

Webster Bank N. A. trimmed its position in shares of Amphenol Co. (NYSE:APH) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200 shares of the electronics maker’s stock after selling 194 shares during the quarter. Webster Bank N. A.’s holdings in Amphenol were worth $78,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Factory Mutual Insurance Co. increased its holdings in Amphenol by 34.1% in the 3rd quarter. Factory Mutual Insurance Co. now owns 352,634 shares of the electronics maker’s stock worth $22,978,000 after acquiring an additional 89,634 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in Amphenol during the 3rd quarter worth $1,264,000. Exchange Traded Concepts LLC boosted its position in shares of Amphenol by 56.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 32,579 shares of the electronics maker’s stock valued at $2,123,000 after acquiring an additional 11,730 shares during the last quarter. Retirement Planning Group LLC acquired a new position in Amphenol in the third quarter valued at about $317,000. Finally, Inspire Investing LLC lifted its position in Amphenol by 2.0% in the third quarter. Inspire Investing LLC now owns 145,107 shares of the electronics maker’s stock valued at $9,455,000 after buying an additional 2,871 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In related news, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 170,000 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the completion of the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Up 1.5 %

NYSE APH opened at $65.56 on Monday. The stock has a market cap of $78.75 billion, a PE ratio of 40.22, a P/E/G ratio of 2.56 and a beta of 1.24. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The business has a 50 day moving average price of $64.13 and a two-hundred day moving average price of $63.98. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the business earned $0.72 EPS. Amphenol’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, September 17th. Amphenol’s payout ratio is 40.49%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group boosted their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Vertical Research initiated coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Robert W. Baird decreased their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Bank of America decreased their price target on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Truist Financial increased their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.